Fantasia Holdings Group Company Limited () is a leading property developer in China. It operates in five segments:

property development Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others. R ...

, property investment, property operation services, property agency services and hotel services. Its other operations include provision of tourism and entertainment services, and interior design services.

History

The Group first commenced its property development business in

Shenzhen Shenzhen (; ; ; ), also historically known as Sham Chun, is a major sub-provincial city and one of the special economic zones of China. The city is located on the east bank of the Pearl River estuary on the central coast of southern province ...

in 1996, which was established by Miss Zeng Jie, the niece of the China's former vice-president, Zeng Qinghong. In 2009, its

shares In financial markets, a share is a unit of equity ownership in the capital stock of a corporation, and can refer to units of mutual funds, limited partnerships, and real estate investment trusts. Share capital refers to all of the shares of an ...

were listed on the

Hong Kong Stock Exchange The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is repor ...

with

IPO An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

price of HK$2.2 per share. On 5 October 2021, Fantasia Holdings missed a payment on a USD$206 million bond that had matured the day before, triggering a default. Just weeks prior, the developer had assured investors it had "no liquidity issue". This resulted in fears of contagion from the

Evergrande liquidity crisis The China Evergrande Group is the second largest property developer in China by sales. It is ranked 122nd on the ''Fortune'' Global 500. It is incorporated in the Cayman Islands, a British Overseas Territory, and headquartered in the Houhai ...

References

External links

Fantasia Holdings Group Company Limited
{{Real estate companies of China Companies listed on the Hong Kong Stock Exchange Real estate companies established in 1996 Companies based in Shenzhen Real estate companies of China Privately held companies of China 1996 establishments in China

History

See also

References

External links